[REVISION HISTORY]

Adobe Q3 earnings and leadership transition

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2026-09-10 23:21 UTC → 2026-09-11 10:05 UTC · added ~~removed~~

Adobe’s fiscal third-quarter 2026 results exceeded analyst expectations, with revenue ~~reaching~~ rising 13% to $6.76 billion and adjusted earnings per share of $6.13. The company reported reaching a milestone of 1 billion monthly active users, supported by a freemium strategy that has expanded its creative audience to over 100 million. Additionally, Adobe’s “AI-first” annual recurring revenue grew by more than 150% year-over-year. Despite these figures, the company’s stock faced downward pressure following cautious fourth-quarter revenue guidance of $6.8 billion to $6.85 billion, which ~~met or~~ fell slightly below some analyst consensus estimates. During the reporting period, Adobe announced a major leadership transition, stating that Anil Chakravarthy will succeed Shantanu Narayen as CEO, effective December 1. The company also reported reaching a milestone of 1 billion monthly active users and noted that its AI-first annual recurring revenue grew by 150% year-over-year. Market sentiment remains cautious as investors weigh Adobe’s performance against rising competition from generative ~~AI tools. While the company~~ AI-native and open-source tools that may disrupt traditional subscription models. Regarding leadership, Anil Chakravarthy is ~~pivoting toward agentic~~ scheduled to succeed Shantanu Narayen as CEO, effective December 1. As part of its strategic pivot, Adobe is focusing on integrating AI ~~and expanding~~ across workflows, leveraging tools like Firefly to maintain its ~~freemium strategy,~~ position in the ~~stock has experienced volatility~~ creative and ~~a significant decline throughout the year.~~ marketing sectors.

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